Listing Office: Accord Realty - Pref: 608-577-9860
About 115-131 W Washington Avenue
Explore the potential of a distinguished commercial space in the heart of Downtown Madison. Spanning 7,920 sq. ft. over 3 units on the ground floor of the iconic Loraine Building, this property stands just a block away from the Capitol Square. Originally constructed in 1924 and meticulously renovated in 2004, this offering is a standout for investors specializing in office or retail venues. The space is currently home to a dynamic mix of tenants including a bank, business center, coffee shop, legal firm, and barbershop, providing a diverse income stream. Situated within Madison’s Business Improvement District (BID), this location guarantees high visibility and foot traffic, making it an exceptional opportunity for those looking to invest in a prime office/retail property.
Features of 115-131 W Washington Avenue
| MLS® # | 1976687 |
|---|---|
| Price | $2,300,000 |
| Square Footage | 7,920 |
| Acres | 0.00 |
| Year Built | 2004 |
| Type | Business/Comm |
| Sub-Type | Retail, Office, Commercial Condo |
| Status | Active |
| Detailed Status | Active |
| Net Taxes | $33,733 |
| Tax Year | 2023 |
Community Information
| Address | 115-131 W Washington Avenue |
|---|---|
| Area | MADISON - C W01 |
| City | Madison |
| County | Dane |
| State | WI |
| Zip Code | 53703 |
Amenities
| Features | Reception area, Private office(s), Private Restrooms, Shared conference room, Security lighting |
|---|---|
| Parking | Offsite, Onsite, 6-10 spaces, Underground, Ramp, Parking fee extra |
Interior
Exterior
| Exterior | Brick/Stone, Stucco, Stone |
|---|---|
| Roof | Rubber/membrane |
School Information
Additional Information
| Zoning | DC |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Assessed Value | $1,867,000 |
| Year Assessed | 2024 |
Open House Information
Listing Details
| Office | Accord Realty |
|---|---|
| Contact Info | Pref: 608-577-9860 |